Summary
rejecting the same argument appellants pose here
Summary of this case from Matteson v. C. I. ROpinion
No. 66, Docket 72-1377.
Argued October 11, 1972.
Decided October 16, 1972.
Daniel Shepro, Bridgeport, Conn. (Edward G. Burstein, Bridgeport, Conn., of counsel), for appellants.
Dennis M. Donohue, Atty., Tax Div. (Scott P. Crampton, Asst. Atty. Gen., Meyer Rothwacks and Gordon S. Gilman, Attys., Tax Div., Dept. of Justice, of counsel), for appellee.
Appeal from a decision of the United States Tax Court, Leo H. Irwin, Judge.
Before FRIENDLY, Chief Judge, and MEDINA and ANDERSON, Circuit Judges.
We affirm for substantially the reasons stated by the Tax Court, 57 T.C. 427 (1971).